Hongkong Land's Share Price May Rise Further Toward S$3.64, Charts Show -- Market Talk

Dow Jones01-11

0802 GMT - Hongkong Land's share price may rise further toward initial resistance at S$3.64, which is confluent with range highs posted from August to September last year, based on technical charts, says Zane Aw, technical analyst at Phillip Securities Research, in a commentary. The share price was supported upon its retest of S$3.40, which represented several technical levels including support on an ascending and broadening wedge pattern, the analyst says. Also, the share price's moving average convergence divergence indicator and its relative strength index are showing increasing upward momentum, the analyst adds. Shares are 0.3% higher at S$3.46. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 11, 2024 03:02 ET (08:02 GMT)

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Also, the share price's moving average convergence divergence indicator and its relative strength index are showing increasing upward momentum, the analyst adds. Shares are 0.3% higher at S$3.46. 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